GD-HKGBA H-2K (01396) Plans to Issue 34.18 Million Shares at 3.51% Discount, Raising Approximately HK$187.6 Million Net

Stock News
Dec 04

GD-HKGBA H-2K (01396) announced on December 4, 2025, that the company intends to allot and issue a total of 34.18 million shares to subscribers (CMBI Private Equity Series SPC and Dingsheng Limited), representing approximately 2.95% of the enlarged issued share capital. The subscription price is set at HK$5.5 per share, reflecting a 3.51% discount to the closing price of HK$5.7 on December 4.

The gross proceeds from the subscription are expected to be around HK$188 million, with net proceeds estimated at HK$187.6 million. The board plans to allocate the net proceeds for the group's general working capital, specifically: approximately 70% will be used for the delivery of AI computing cloud service projects, 20% for construction-related payments, and 10% for daily operational expenses.

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